WASHINGTON, DC -- Rhone Resch, president and CEO of the Solar Energy Industries Association, released the following statement today as the Senate Finance Committee unveiled its options paper for reform of the U.S. tax code:

"Most importantly, the Senate Finance Committee recognizes the importance of providing American businesses with greater certainty when it comes to the tax code. When smart policies, such as the solar Investment Tax Credit (ITC), are given time to work as intended, they can produce extraordinary results.

"In just a short period of time, the ITC has helped to create thousands of new American jobs, bolster the U.S. economy, drive down costs and expand consumer choice in the marketplace. Today, there are 7.7 gigawatts (GW) of solar installed in the U.S. – enough to power more than 1.2 million American homes – and another 5.2 GW is expected to be installed this year.

"Clearly, smart polices like the ITC, along with industry innovation, have made solar a real bright spot for the U.S. economy. Today, America's solar industry employs nearly 120,000 workers throughout the country. That's a 240% increase in jobs since the ITC was extended in 2008, making solar one of the fastest-growing industries in the nation."

About SEIA®:

Established in 1974, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry. Through advocacy and education, SEIA and its 1,000 member companies are building a strong solar industry to power America. As the voice of the industry, SEIA works to make solar a mainstream and significant energy source by expanding markets, removing market barriers, strengthening the industry and educating the public on the benefits of solar energy. www.seia.org

Featured Product

Solar FlexRack TDP™ Turnkey Trackers are the next generation, single-axis solar tracker solution, complete with comprehensive services and support.
What sets this tracking solution apart is its updated tracking technology bundled with a full suite of best-in-class project services and support for commercial and utility-scale solar customers. The TDP Turnkey Tracker offers the lowest total cost solution by providing the only tracker in the industry that includes full design, installation, commissioning, and support services bundled in one contract.
Solar FlexRack's TDP Solar Tracker solution is supported by an in-house team of experts that includes mechanical, structural, civil, electrical and geotechnical engineers and geologists. To learn more about Solar FlexRack's TDP Turnkey Tracker, one of the most cost-effective and comprehensive tracker solutions available, please visit: http://solarflexrack.com/products/tracker.